district0x (DNT) - Bullish divergence

COINBASE:DNTUSD   district0x
On the above 1-day chart price action has corrected over 90% since last April 2021. A number of reasons now exist to be bullish, including:

1) Double “incredible buy” signals. Don't often see those.

2) Regular bullish divergence.

3) Price action resistance breakouts.

4) Latterly on the BTC pair (below) a life cross is printed. Interestingly price action breaks out of an ascending formation as sellers print wicks by selling into momentum, a fantastic signal.

Is it possible for price action to fall further? Sure.

Is it probable? No


Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: 10x

1-day btc chart
Trade active



Allow 3-6 months on ideas. Not investment advice. DYOR

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